secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001564590-22-004427
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering narrows 2021 guidance, provides 2022 outlook with fitness customer delay
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- 2021 net sales narrowed to $450-$455M; adjusted EBITDA $46-$47M (low end of prior range).
- Preliminary 2022 guidance: net sales $480-$530M, adjusted EBITDA $58-$70M, assumes no revenue from new fitness customer.
- New fitness customer will not be a top-10 customer in 2022; production delay; reducing costs at Hazel Park facility.
- 2021 end-market mix: Commercial Vehicle 34%, Construction 20%, Power Sports 20%, Agriculture 11%, Military 5%.
- New business wins with existing and new customers, including takeover business and reshoring trends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000156459022004427/0001564590-22-004427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000156459022004427/mec-8k_20220209.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004427

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